2.4 The Global economic crisis I
2MT
2
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00
second
No jackets, no phone, no gum, no ear buds.
Sit accourding to the seating plan.
Get your notebook and books in front of you.
The lesson starts after the timer ends.
Lesduur is: 50 minOnderdelen in deze les
2MT
2
minute
00
second
No jackets, no phone, no gum, no ear buds.
Sit accourding to the seating plan.
Get your notebook and books in front of you.
The lesson starts after the timer ends.
Today's lesson
Recap of the previous lesson.
Homework check.
Explanation of 2.4.
Time to work.
In what year did the colonies in the US break away?
1776
1774
1677
1874
What's the core value of the US?
Freedom
Equality
Profit
World domination
Why did many Europeans move to the United States in the nineteenth century?
Better life
Free Health care
Profit
Job oppertunities
Why did the American colonists rebel against the British king?
More freedom and self-government.
Less taxes.
Dislike of the kings religion.
Reluctance to fight the kings wars.
Look at the source.
Imagine you are a European farmer in the nineteenth century and your harvests have failed for several years. Would you choose to move to the United States?
What country is this source about?
Homework check
Ch3.3 exc. 1, 5, 6 and 11.
Discus your answers with a clasmate. Your answers should be flawless.
pay attention to each other.
do you have a different aswer? Just ask, sometimes there's more than one correct answer.
correct your answer.
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Lesson objectives:
I can explain what a free-market economy is.
I can explain how an economic crisis arose in the USA.
I can explain the effects of the crisis throughout the world.
An economy in which there is competition and in which supply and demand determine what the manufacturers produce, what consumers buy and what the prices of the products are.
Free-market economy
Economic crisis 1929-1933
Situation in the US
Free market economy
people can buy shares in companies
Own a small piece of a company -> can receive a profit
If a companies does well -> the value of the shares rises
Stock exchange crash
29 oct 1929 Black Tuesday
Share prices suddenly fell
Shareholders lost confidence in the economy:
Farmers borrowed lots of money to expand farms -> too much food -> prices had fallen
Lots of Americans had bought expensive goods using borrowed money -> people became more cautions -> sales figures collapsed
Economic crisis
* People had bought shares with loans
* Not able to pay their debts
* Banks bankrupt
* Consumers purchased less
* Companies bankrupt
* Lots of people lost their job
Go to work
For yourselves 10 minutes.
Ch. 2.4 exc. 1 till 6
You can ask me questions, but you can't talk amongst yourselves.
10
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Consequences in Germany
Pay money after WOI
Borrowed money from US
US demanded their money back
German companies going bankrupt
1932: 1 in 3 workers lost their job
Protectionism
The USA increased import taxes.
They hoped consumers would buy cheaper US made products.
Other countries reacted to this policy of protectionism.
Global trade went down.
Go to work
For yourselves 10 minutes.
Ch. 2.4 exc. 1 till 6
You can ask me questions, but you can't talk amongst yourselves.
10
minute
00
second
The new deal
* Roosevelt new president
* measures tackling the crisis:
- Banks were supported so that they would no longer go bust
- Agriculture received subsidies for producing les
- Manufacturers had to pay their workers better
- Employment projects
The United States
What's a downside of the free market economy
No innovations
Less freedom
Poverty
Not everyone was happy with the New Deal? Think of a reason why some people were not happy with these measures:
Sovjet-Union
Which isn't a indirect cause of the Russian Revolution
Lot of poverty and inquality
Shortages of food because of WOI
The Great Terror
Secret police took a hard line against the tsar's opponents
Lenin
Stalin
Bij wie hoort het begrip: Lenin of Stalin?
Lenin
Stalin
1 party state
Show trials
Collectivizing farms
Russian Revolution
Planned economy
Totalitarism
Proclaimed soviet Union
Lenin
* Nationalization
* State becomes owner of everything
* Farmers didn't cooperate
* Famine
Stalin
* Collectivizaton of farms
- 'Enemies of the State'
- Violence
* Planned economy
- Five-year plan
Stalin
* Dictator
* Totalitarism
= The state has total control of people's lives
* Fear
* Show trials
* People woudn't dare to revolt
Assignments
You can:
- Make the assignments of paragraph 2.4
- Make a summary
- Learn for the test